Fideuram Asset Management Ireland dac Invests $2.97 Million in BellRing Brands Inc. $BRBR

Fideuram Asset Management Ireland dac bought a new position in shares of BellRing Brands Inc. (NYSE:BRBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 106,383 shares of the company’s stock, valued at approximately $2,971,000.

A number of other hedge funds also recently modified their holdings of BRBR. Larson Financial Group LLC lifted its stake in shares of BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the last quarter. Danske Bank A S acquired a new stake in shares of BellRing Brands during the 3rd quarter worth about $29,000. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the last quarter. CI Investments Inc. lifted its stake in shares of BellRing Brands by 439.1% during the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after buying an additional 944 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in shares of BellRing Brands by 161.1% during the 3rd quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock worth $50,000 after buying an additional 857 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $8.62 on Friday. The stock has a market capitalization of $1.00 billion, a PE ratio of 6.68, a P/E/G ratio of 4.22 and a beta of 0.74. The business has a fifty day moving average price of $13.77 and a two-hundred day moving average price of $20.83. BellRing Brands Inc. has a fifty-two week low of $8.40 and a fifty-two week high of $63.52.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. BellRing Brands’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. TD Cowen cut their target price on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group lowered their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.47.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.